PPR heading in right direction.Property & Portfolio Research, Inc. (PPR PPR peste des petitis ruminants. ) and Algorithmics, Inc. have released an enhanced version of their co-branded, industry-leading mortgage risk management model, [COMPASS.sup.CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element ], which allows users to directly address key risk factors for construction and non-stabilized loans. "Banks and insurance companies now use [COMPASS.sup.CRE] to manage over $250 billion in commercial real estate mortgages," said George Pappadopoulos, PPR's Director of Risk Management and Debt Research. "We also have clients that use [COMPASS.sup.CRE] to rate loans and others who use the model to regulate lending institutions. Each of these groups has a different perspective, and the feedback we've received from them has been invaluable in developing the enhancements." [COMPASS.sup.CRE] is calibrated cal·i·brate tr.v. cal·i·brat·ed, cal·i·brat·ing, cal·i·brates 1. To check, adjust, or determine by comparison with a standard (the graduations of a quantitative measuring instrument): using an extensive, proprietary database sample of defaulted and non-defaulted loans, and measures probability of default Probability of default (PD) is a parameter used in the calculation of economic capital or regulatory capital under Basel II for a banking institution. This is an attribute of bank's client. , loss given default, and expected loss for a loan, portfolio, or securitized securitized Of, related to, or being debt securities that are secured with assets. For example, mortgage purchase bonds are secured by mortgages that have been purchased with the bond issue's proceeds. pool. It provides real estate lenders and risk managers a Basel-compliant, empirically validated commercial real estate risk management solution. |
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